Tax on agriculture proposed: FBR


KARACHI – The Federal Board of Revenue Chairman Salman Siddique has said that bringing the agriculture sector into tax net is on the cards of the government under which agricultural commodities and their bye-products would be taxed.
He was speaking on a function organised under the auspices of Korangi Association of Traders and Industry (KATI) on Saturday. He said that some 2.3 million people form the privileged class does not pay taxes and to bring them in tax net, notices would be issued under section 123 of taxation laws.
“In the first leg, some 0.7 million non payers of tax will be served notices for which their database is being prepared in collaboration of NADRA”, he added.
The Chairman of FBR said that energy crises in the country is a disturbing issue for the whole nation and private sector would have to come forward to increase electricity generation.